Indicate by check mark whether the registrant is an emerging
growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities
Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the
registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards
provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 8.01 Other
Events.

On September 21, 2017,
the Board of Directors (the “Board”) of Verso Corporation (“Verso” or the “Company”) formed
a Strategic Alternatives Committee (the “Committee”), comprised of the following members of the Board: Alan J.
Carr, Eugene I. Davis (Chairman) and Steven D. Scheiwe. The Board has authorized the Committee, with the assistance of Houlihan
Lokey Capital, Inc., the Company’s financial advisor, to lead Verso’s continuing efforts to identify and evaluate a
range of potential strategic transaction alternatives, including the possible sale of some Verso mills, engage in discussions and
oversee the due diligence process with parties potentially interested in transactions with the Company, and recommend to the Board
whether any proposed transaction is in the best interests of the Company and its stockholders. On September 21, 2017 the
Company issued a press release announcing the formation of the Committee. A copy of the press release is attached hereto as Exhibit
99.1.

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